Growing acceptance and demand for sophisticated cosmetic operations worldwide in both established and emerging countries are largely due to growing awareness of advanced aesthetic techniques. Surgical laser technology in aesthetic operations has significantly increased over the past several years. The American Society of Plastic Surgeons (ASPS) reports that the United States recorded over 17.7 million cosmetic treatments in 2018. These encompass both surgical and minimally invasive techniques. The site further claims that since 2000, these procedures have increased by 200%. These are the certain factors which propel the growth of market.
According to Data Bridge Market Research the Surgical Lasers Market accounted for USD 6.10 billion in 2021, and expected to reach USD 14.68 billion by 2029. The market is expected to grow with a CAGR of 11.6% in the forecast period of 2022 to 2029.
“Technological Developments Will Aid Growth”
The use of Nd:YAG laser systems for cosmetic procedures has spread throughout the world as market participants introduce their goods and surgical laser systems in other regions. For instance, in the U.S., Australia and Europe in June 2020, Cynosure unveiled the Elite iQ, a system intended for cosmetic procedures including skin rejuvenation and laser hair removal. A live Melanin Reader in the product allows for tailored laser hair removal treatments on different body areas. One of the main factors boosting the growth of the category in the surgical lasers market is the development of Nd:YAG lasers, which are also popular due to their effective outcomes on practically all skin types.
What restraints the growth of Surgical Lasers Market?
“Stringent Regulations and Unfavorable Policies”
Market expansion will be hampered by stringent rules controlling the approval of surgical lasers and rising safety concerns. In particular developing economies, negative and confusing regulatory and reimbursement policies will create market obstacles.
“Cost Constraints”
Surgical lasers are expensive. Affordability problems are intensified by the high price, which may hinder the market's overall growth.
Segmentation: Surgical Lasers Market
The surgical lasers market is segmented on the basis of type, procedure type, application and end-user.
- On the basis of type, the surgical lasers market is segmented into carbon dioxide (CO2) lasers, argon lasers, diode lasers, neodymium: yttrium-aluminum-garnet lasers and other surgical lasers.
- On the basis of procedure type, the surgical lasers market is segmented into open surgery, laparoscopic surgery and percutaneous surgery.
- On the basis of application, the surgical lasers market is segmented into ophthalmology, dentistry, dermatology, urology, gynecology, cardiology, oncology and other applications.
- On the basis of end user, the surgical lasers market is bifurcated into hospitals, clinics and others.
Regional Insights: North America is expected to dominate the Surgical Lasers Market
North America is expected to dominate the market due to the region's well-developed healthcare system, high adoption of technologically cutting-edge aesthetic laser technology and rising demand for cosmetic and aesthetic procedures. Additionally, it is projected that key firms' local presence and ongoing strategic actions will further improve the market environment.
In addition, the Asia-Pacific region is likely to register highest growth rate during the forecast period of 2022 to 2029 due to the different growth strategies are being implemented by a number of significant players in the market in an effort to raise consumer knowledge of their surgical laser equipment and to obtain a competitive edge.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-surgical-lasers-market
Recent Developments in Surgical Lasers Market
- In 2021, Boston Scientific announced the Lumenis Surgical Business from Lumenis for USD1.07 billion, subject to closing adjustments, according to a final deal made today between Lumenis and Baring Private Equity Asia. The Surgical Business in urology and ENT includes laser and fibre technologies for less invasive surgical procedures.
- In 2020, Haag-Streit UK (HS-UK) introduced the Meridian MR Q and MR Q supine YAG lasers in the U.K. Using cutting-edge technology, the MR Q is a fully integrated YAG laser that can perform iridotomies, pupillary membranectomies, and posterior capsulotomies. The laser offers outstanding usability, according to Haag-Streit UK, with a rapid start-up time and simple touch-screen interface. The user can select between anterior and posterior offset on a single screen, making operation simple. Both left- and right-handed users can use the analogue rotary knobs on either side of the laser head to adjust the laser power and aiming beam brightness.
The Prominent Key Players Operating in the Surgical Lasers Market Include:
- Lumenis Be Ltd (Israel)
- Cynosure (U.S.)
- Alma Lasers (Israel)
- Abbott (U.S.)
- Boston Scientific Corporation (U.S.)
- IPG Photonics Corporation (U.S.)
- Candela Corp (U.S.)
- Biolitec AG (Austria)
- Fotona (Slovenia)
- LUTRONIC (South Korea)
- Zeiss (Germany)
- Cutera (U.S.)
- Bausch Health (Canada)
- Koninklijke Philips N.V. (Netherlands)
- Alcon (Switzerland)
- Johnson & Johnson Private Limited (U.S.)
- BISON MEDICAL (South Korea)
Above are the key players covered in the report, to know about more and exhaustive list of surgical lasers market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Surgical Lasers Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
